About Bad Credit Loan
Personal Loan Rates
The rates range from 6% to 36%, with rates on bad-credit loans exceeding 20%. A lender will typically assign you a rate based on how risky they believe your loan is. A lender may charge you a higher APR if you have a high debt-to-income ratio and a low credit score.
Amounts
Personal loans for people with bad credit typically range from $1,000 to $50,000. Few online lenders provide loans of less than $1,000, and not everyone is eligible for the largest loans. Borrowers with consistent income and an on-time payment history may be eligible for larger loan amounts.
